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corolla

2023 TOYOTA COROLLA
Depreciation & Resale Value

Depreciation

The depreciation graph and accompanying table on our page detail how the 2023 TOYOTA COROLLA's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2023 TOYOTA COROLLA in 2023 was $21,900.
The average price for used 2023 TOYOTA COROLLA nowadays in 2024 is $21,997 which is 100% from the original price.
Estimated mileage driven per year is 9,706 miles.
The graph below is a depreciation curve for 2023 TOYOTA COROLLA. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2023 TOYOTA COROLLA in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
YearAverage MileageAverage Price% Left% Lost
2023 MSRP0 mi$21,900100%0%
20239,706 mi$23,998−$2,098−9.58%109.58%-9.58%
202419,412 mi$21,997+$2,001+8.34%100.44%-0.44%
202529,118 mi$20,988+$1,009+4.59%95.84%4.16%
202638,824 mi$19,995+$993+4.73%91.3%8.7%
202748,530 mi$18,800+$1,195+5.98%85.84%14.16%
202858,236 mi$17,598+$1,202+6.39%80.36%19.64%
202967,942 mi$16,042+$1,556+8.84%73.25%26.75%
203077,648 mi$15,477+$565+3.52%70.67%29.33%
203187,354 mi$14,499+$978+6.32%66.21%33.79%
203297,060 mi$13,900+$599+4.13%63.47%36.53%
2033106,766 mi$12,995+$905+6.51%59.34%40.66%
2034116,472 mi$11,516+$1,479+11.38%52.58%47.42%

Price vs Mileage

Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the TOYOTA COROLLA’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2023 TOYOTA COROLLA. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2023 TOYOTA COROLLA by mileage and number of sales.
You can scroll the table horizontally to see all columns.
MileageAverage PriceSample Size
0 mi$23,805119 sales
5,000 mi$23,919551 sales
10,000 mi$22,985863 sales
15,000 mi$21,977949 sales
20,000 mi$21,495690 sales
25,000 mi$21,297372 sales
30,000 mi$20,938276 sales
35,000 mi$20,500134 sales
40,000 mi$20,24450 sales
45,000 mi$19,99320 sales
Frequently asked questions
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
Technology plays a significant role in the depreciation of vehicles, as models with outdated tech depreciate faster due to lower consumer demand for older features.
The best time of year to sell your car to minimize depreciation might be just before the release of a new model, when demand for used models could be higher.
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
Yes, the choice of vehicle color can impact the depreciation rate, with neutral colors typically being easier to sell and potentially holding their value better than more unconventional colors.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
Other years of TOYOTA COROLLA
corolla
2000 TOYOTA COROLLA
$4,777 average used price
2,500+ sales records
corolla
2004 TOYOTA COROLLA
$5,487 average used price
9,500+ sales records
corolla
2008 TOYOTA COROLLA
$6,999 average used price
10,500+ sales records
corolla
2009 TOYOTA COROLLA
$7,995 average used price
38,800+ sales records
corolla
2012 TOYOTA COROLLA
$10,992 average used price
36,000+ sales records
corolla
2024 TOYOTA COROLLA
$23,998 average used price
7,900+ sales records
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2023 TOYOTA COROLLA on BADVIN
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